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12_Anderson_FeederCattleFutures_1.pdf

🔗 Source: agmanager.info

📊 Size: 709 KB

👤 Author: RLlewelyn

⬇️ Downloads: 77

Summary

The study examines the impact of feeder cattle futures volatility on cash price discovery, with the objective of determining the extent to which futures volatility affects cash price dispersion and precision of spot market price discovery. Price discovery is the process of buyers and sellers arriving at a transaction price, and it begins with the market price level. The futures market plays a role in absorbing, synthesizing, and communicating market information through price signals, which facilitates price discovery in the cash market. The study uses a derived demand model and analyzes data from 27 auction market locations from 2002-2019, finding a positive relationship between cash price dispersion and futures volatility over time.

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Description

The study examines the impact of feeder cattle futures volatility on cash price discovery, with the objective of determining the extent to which futures...

Technical Information

File Format: PDF
File Size: 709 KB
Pages: 9
Language: EN
Author: RLlewelyn
Total Downloads: 77
Last Updated: 1 month ago

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